SBU3.DE vs. SLVR.DE

Last updated Jun 5, 2026

SBU3.DE (WisdomTree Bund 10Y 3x Daily Short) and SLVR.DE (WisdomTree Silver) are both exchange-traded funds - SBU3.DE is a Leveraged Bonds fund tracking the BNP Paribas Bund 10Y Rolling Future Short Leverage (-3x) index, while SLVR.DE is a Silver fund tracking the Bloomberg Silver Subindex. Both are passively managed. Over the past 3 years, SBU3.DE returned 5.14%/yr vs 45.36%/yr for SLVR.DE. At a correlation of -0.19, they often move in opposite directions. SBU3.DE charges 0.30%/yr vs 0.49%/yr for SLVR.DE.

Performance

SBU3.DE vs. SLVR.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in WisdomTree Bund 10Y 3x Daily Short (SBU3.DE) and WisdomTree Silver (SLVR.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SBU3.DE achieves a 1.71% return, which is significantly lower than SLVR.DE's 1.99% return.

SBU3.DE

• 1D: 0.19%
• 1M: -1.38%
• YTD: 1.71%
• 6M: 3.80%
• 1Y: 8.07%
• 3Y*: 5.14%
• 5Y*: 12.87%
• 10Y*: 0.96%

SLVR.DE

• 1D: 0.14%
• 1M: -5.05%
• YTD: 1.99%
• 6M: 16.61%
• 1Y: 84.77%
• 3Y*: 45.36%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SBU3.DE vs. SLVR.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SBU3.DE WisdomTree Bund 10Y 3x Daily Short	1.71%	8.28%	14.07%	-14.50%	28.81%
SLVR.DE WisdomTree Silver	1.99%	147.57%	21.38%	-4.72%	-10.71%

Correlation

The correlation between SBU3.DE and SLVR.DE is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.27
Correlation (3Y) Calculated over the trailing 3-year period	-0.18
Correlation (All Time) Calculated using the full available price history since May 9, 2022	-0.19

Return for Risk

SBU3.DE vs. SLVR.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SBU3.DE

SBU3.DE Risk / Return Rank: 21
SBU3.DE Sharpe Ratio Rank: 19
SBU3.DE Sortino Ratio Rank: 19
SBU3.DE Omega Ratio Rank: 19
SBU3.DE Calmar Ratio Rank: 25
SBU3.DE Martin Ratio Rank: 24

SLVR.DE

SLVR.DE Risk / Return Rank: 52
SLVR.DE Sharpe Ratio Rank: 55
SLVR.DE Sortino Ratio Rank: 48
SLVR.DE Omega Ratio Rank: 47
SLVR.DE Calmar Ratio Rank: 63
SLVR.DE Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SBU3.DE vs. SLVR.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Bund 10Y 3x Daily Short (SBU3.DE) and WisdomTree Silver (SLVR.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SBU3.DE	SLVR.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.59	1.85	-1.26
Sortino ratio: Return per unit of downside risk	0.93	2.31	-1.38
Omega ratio: Gain probability vs. loss probability	1.11	1.29	-0.18
Calmar ratio: Return relative to maximum drawdown	1.13	3.06	-1.93
Martin ratio: Return relative to average drawdown	3.02	7.37	-4.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SBU3.DE vs. SLVR.DE - Sharpe Ratio Comparison

The current SBU3.DE Sharpe Ratio is 0.59, which is lower than the SLVR.DE Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of SBU3.DE and SLVR.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SBU3.DE	SLVR.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.59	1.85	-1.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.16	0.68	-0.84

Drawdowns

SBU3.DE vs. SLVR.DE - Drawdown Comparison

The maximum SBU3.DE drawdown since its inception was -64.58%, which is greater than SLVR.DE's maximum drawdown of -31.33%. Use the drawdown chart below to compare losses from any high point for SBU3.DE and SLVR.DE.

Drawdown Indicators

	SBU3.DE	SLVR.DE	Difference
Max Drawdown Largest peak-to-trough decline	-64.58%	-31.33%	-33.25%
Max Drawdown (1Y) Largest decline over 1 year	-7.13%	-30.51%	+23.38%
Max Drawdown (3Y) Largest decline over 3 years	-21.99%	-30.51%	+8.52%
Max Drawdown (5Y) Largest decline over 5 years	-27.87%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.09%	—	—
Current Drawdown Current decline from peak	-28.72%	-24.02%	-4.70%
Average Drawdown Average peak-to-trough decline	-41.75%	-12.66%	-29.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	12.69%	-10.04%

Volatility

SBU3.DE vs. SLVR.DE - Volatility Comparison

The current volatility for WisdomTree Bund 10Y 3x Daily Short (SBU3.DE) is 5.43%, while WisdomTree Silver (SLVR.DE) has a volatility of 17.06%. This indicates that SBU3.DE experiences smaller price fluctuations and is considered to be less risky than SLVR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SBU3.DE	SLVR.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.43%	17.06%	-11.63%
Volatility (6M) Calculated over the trailing 6-month period	10.90%	41.25%	-30.35%
Volatility (1Y) Calculated over the trailing 1-year period	13.57%	50.34%	-36.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.37%	38.29%	-15.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.40%	38.29%	-19.89%

SBU3.DE vs. SLVR.DE - Expense Ratio Comparison

SBU3.DE has a 0.30% expense ratio, which is lower than SLVR.DE's 0.49% expense ratio.

Dividends

SBU3.DE vs. SLVR.DE - Dividend Comparison

Neither SBU3.DE nor SLVR.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SBU3.DE and SLVR.DE in my portfolio?

SBU3.DE and SLVR.DE have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SBU3.DE or SLVR.DE?

On fees, SBU3.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SBU3.DE or SLVR.DE?

SBU3.DE is cheaper with a 0.30% expense ratio, compared with 0.49% for SLVR.DE.

What is the main difference between SBU3.DE and SLVR.DE?

SBU3.DE is categorized as Leveraged Bonds, while SLVR.DE is Silver. SBU3.DE tracks BNP Paribas Bund 10Y Rolling Future Short Leverage (-3x) index, while SLVR.DE tracks Bloomberg Silver Subindex. Their fees differ too: 0.30% for SBU3.DE and 0.49% for SLVR.DE.